Annual GDP growth in Peru
Peru: Annual GDP growth was -0.6% in 2023. ◆ Volatile
Latest (2023)
-0.6%
Change on year
down 120.1%
World rank
187th
of 211 countries
All-time high
13.4%
in 2021
All-time low
-10.9%
in 2020
Years of data
24
2000–2023
Annual GDP growth in Peru, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Peru recorded -0.6% for annual gdp growth in 2023.
Compared with earlier readings it is down 120.1% on the previous year and down 109.4% over ten years.
Over the whole period, annual gdp growth in Peru peaked at 13.4% in 2021 and was at its lowest, -10.9%, in 2020.
Peru ranks 187th of 211 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.0% | 0.6% | 9.1% | 10 |
| 2010s | 4.5% | 2.2% | 8.3% | 10 |
| 2020s | 1.2% | -10.9% | 13.4% | 4 |
Countries ranked near Peru
More economy & growth data for Peru
- External balance on goods and services as a percent of GDP 8.1% (2025)
- Inflation of consumer prices 1.5% (2025)
- GDP per capita 6,891 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 12.2% (2024)
- Gross domestic product (GDP) 238.27 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 6,891 constant 2015 US$ (2025)
- DEC alternative conversion factor 3.57 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 28.34 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 7.94 billion current US$ (2025)
- Taxes less subsidies on products 80.42 billion current LCU (2024)
Frequently asked questions
- What is annual gdp growth in Peru?
- Annual gdp growth in Peru was -0.6% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest annual gdp growth recorded in Peru?
- The highest recorded value was 13.4% in 2021.
- What is the lowest annual gdp growth recorded in Peru?
- The lowest recorded value was -10.9% in 2020.
- How does Peru rank for annual gdp growth?
- Peru ranks 187th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Peru?
- Over the last ten years it is down 109.4%. The long-run trend across the full record is volatile.
- Where does this Peru data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual GDP growth (%)